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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $$47,500.$ The machine's useful life is estimated at $10$ years, or $405,000$ units of product, with a $$7,000$ salvage value. During its second year, the machine produces $34,500$ units of product.

Exercise $8-5($Algo$)$ Units$-$of$-$production depreciation LO P$1$

Determine the machine$$s second$-$year depreciation using the units$-$of$-$production method.